Oil prices were lower today on a stronger dollar and surprise jump in crude inventories. Both contracts have been under selling pressure since hitting four month highs last week. US crude inventories rose by 3.2MM/bbls, versus a forecasted decline of 1.3MM/bbls. Gasoline inventories rose by 1.3MM/bbls versus an expected drop of 1.7MM/bbls. Gasoline demand meanwhile fell for a second straight week to 8.7MM/bpd. “Considering the fact that we’re only making crude oil to make gasoline basically, that is a bearish development,” said Robert Yawger, director of energy futures at Mizuho. WTI traded down $0.27 or -0.3% to close at $81.35. Front month Brent traded down $0.16 or -0.2% to close at $86.09.